Published on October 7th, 2019 | by Daniel Sherman Fernandez0
Volvo XC40 and XC60 have revived Volvo’s brand name
Sales are up and it is all due to two great looking new SUV’s
News just in from England and the Volvo brand value and car sales continue to grow in England where September 2019 sales were up by 18 per cent and the Volvo XC40 and XC60 SUV’s were the vehicle leading the way.
Volvo is on the right track with its SUV segment charge. The Sports Utility Vehicles (SUVs) market worldwide is projected to grow by 30.8 Million Units, driven by a compounded growth of 10.9%. Sports Utility Vehicles (SUVs), one of the segments analyzed and sized in a recent study, displays the potential to grow at over 10.9%.
The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over 59.6 Million Units by the year 2025, Sports Utility Vehicles (SUVs) will bring in healthy gains adding significant momentum to global growth.
All the Volvo news of late has been about the growing electrification of Volvo’s models, from the XC90 B5 to the newly-launched XC40 T5 Twin Engine plug-in hybrid and, of course, the impending arrival of the new electric XC40.
Those models and more electrified Volvos to come will certainly do Volvo’s sales no harm at all, but they hardly need it; in a tough market Volvo’s sales in the UK have risen by 18 per cent in the past year, and by 21 per cent in the first nine months of this year.
Leading Volvo’s sales in the UK is the very good XC40, and with the arrival of the XC40 plug-in hybrid last month and the electric XC40 going on sale soon, the XC40’s sales look set to continue their impressive growth. But that’s no surprise; the XC40 is probably the most rounded choice in its sector. And sales of the XC60 aren’t far behind either.
The Volvo sales success is not only in England as sales around the globe is also growing, with sales globally up by 7.4 per cent so far in 2019 at more than half a million, and market share growing too.